homemarket Newsstocks NewsMay 22: Here are the top stocks to watch out for
market | May 22, 2018 8:02 AM IST

May 22: Here are the top stocks to watch out for

The Indian market fell for the fifth session in a row as the outcome of the  Karnataka elections and rising fuel prices weigh on the market.

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Here are the top stocks to watch out for today
  • UltraTech Cement: Along with an acquisition deal with Century Textiles' cement business, the company bagged a limestone mining block in Madhya Pradesh.
  • Tata Steel: The National Company Law Appellate Tribunal (NCLAT) on Monday refused to stay Tata Steel's acquisition of Bhushan Steel.
  • RBL Bank: Dilip Buildcon's promoters create pledge on 34 lakh shares with RBL Bank on May 17.
  • L&T Hydrocarbon: The company bagged two new orders from Urvarak and Rasayan Ltd.
  • PNB: Moody's downgraded PNB from Ba1 to Baa3; outlook stable.
  • Future Lifestyle: L Catterron Asia is set to buy approximately 10% stake in the company through a preferential allotment and secondary purchase.
  • DHFL: The company is set to raise up to Rs 12,000 crore via bonds issuance on Tuesday largely for onward-lending to push growth as the company is targeting 30% growth in loan disbursements in the current financial year.
  • Indostar: The firm was listed with a 5% premium on Monday.
  • Fortis Healthcare: Fortis Healthcare may consider inviting other interested companies that did not submit or revise their bids after Yes Bank urged the board to do so, The Economic Times reported.
  • Tata Chemicals: The company is looking to expand its consumer business revenue to Rs 5,000 crore. The company posted a steady set of earnings in the fourth quarter boosted by its inorganic chemicals business.
  • Bank of Baroda: The Central Bureau of Investigation on Monday filed a chargesheet against Rotomac Global chairman Vikram Kothari, and his son Rahul Kothari, and three senior officials of the Bank, in relation to the Rs 3,695 crore Rotomac scam.
  • Adani Enterprises: The company is set to make entry into the electric buses manufacturing arena, sources closed to the group told The Economic Times.
  • JP group: Jaiprakash Associated Limited on Monday said it would appeal against the National Company Law Tribunal order asking the company to return land to its unit Jaypee Infratech.
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